Saturday, December 04, 2010

Weekly Stock Market Overview - 12/3/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 290.09 points or 2.62%. The Standard & Poor's 500 Index gained 35.31 points or 2.97%, while the Nasdaq Composite gained 56.90 points or 2.24%. Read More ...

The Materials sector was the strongest sector (6.14%) last week followed by the Energy sector (5.30%). The Consumer Staples sector was the worst performing sector (1.09%) of the week followed by the Utilities sector (1.34%).

The Conglomerates sector is the most overvalued sector followed by Basic Materials, while Oil & Gas Equipment/Svcs, Oil & Gas Pipelines, and Copper are among the most overvalued industries. The Industrial Goods sector is the most oversold sector followed by Healthcare, while General Contractors, Drug Manufacturers/Major, and Hospitals are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
17.65% MI Marshall & Ilsley Corp. Financials
15.87% ANF Abercrombie & Fitch Co. Consumer Discretionary
15.81% RF Regions Financial Corp. Financials


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-8.50% KR Kroger Co. Consumer Staples
-5.69% LTD Limited Brands, Inc. Consumer Discretionary
-4.94% EBAY eBay Inc. Consumer Discretionary


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 1
Downtrend Broken Resistance 38
Uptrend Support 4
Uptrend Exhaustion 41
Uptrend Broken Support 7
Downtrend Resistance 27
Oversold 2